An official website of the United States government
A .mil website belongs to an official U.S. Department of Defense organization in the United States.
A lock (lock ) or https:// means you’ve safely connected to the .mil website. Share sensitive information only on official, secure websites.

AETC announces Group II housing privatization highest ranked offeror

  • Published
RANDOLPH AIR FORCE BASE, Texas --  The Air Force selected Pinnacle-Hunt Communities, LLC, April 30 as the highest ranked offeror in the bidding for the Air Education and Training Command Group II housing privatization project.

The announcement means Pinnacle-Hunt will participate in exclusive negotiations with AETC officials for the design, development, construction, renovation and management of military family housing at Columbus AFB, Miss., Maxwell AFB, Ala., Vance AFB, Okla., and Goodfellow AFB, Laughlin AFB and Randolph AFB, Texas.

The project involves 2,257 total housing units of which 420 will be new units, 1,359 renovated units and 478 other units will require no work, said AETC civil engineer officials. The initial five-year development period of the project is valued up to about $300 million and is part of an overall 50-year project term for housing construction, renovation and management functions at the designated bases.

Pinnacle-Hunt is a joint venture between Hunt ELP, Ltd., and Pinnacle AMS Development Company, LLC. Pinnacle has closed five privatized military family housing projects totaling 11,485 units with development costs in excess of $1.6 billion within the past five years. Hunt has closed 15 privatized military family housing projects totaling 20,000 units with development costs in excess of $2.9 billion within the past seven years.

Congress established the Military Housing Privatization Initiative in 1996 as a tool to help the military improve the quality of life for its service members by improving the condition of their housing. The program was designed and developed to attract private sector financing, expertise and innovation to provide necessary housing faster and more efficiently than traditional military construction processes would allow, according to information from the Office of the Deputy Under Secretary of Defense for Installations and Environment.

Note: For more information about military housing privatization, visit the Department of Defense Web site at www.acq.osd.mil/housing.